BEIRUT: The once-thriving real estate sector in Lebanon is expected to see a drop in sales and transactions in 2015, while the banking industry will continue to maintain good results, a number of leading economists said. "Lebanon's real estate sector is expected to lag behind the rest of the economy in 2015," according to the Lebanese Economic Outlook, a survey of 15 leading Lebanese economists conducted by Economena Analytics, an independent economic data provider. The survey said that six of the 15 surveyed economists believe that real estate will be the worst performing sector in 2015, reflecting widespread pessimism over activity amid uncertain political and security environments, and weak demand from foreigners.
Deira is located on the northern bank of Dubai Creek and the winding streets here unveil the melting pot of different nationalities that have come to call Dubai home. On the shore, ancient dhows load and unload with modern banks, hotels and office buildings for a backdrop. For travelers Deira is most famous for its traditional souks (markets), which bustle with shoppers at all times of the day. Deira Gold Souq is world-renowned as the largest gold bazaar in the world and the reason that Dubai has received the name "City of Gold". Jewellery of all kinds is available in a variety of designs from traditional to modern and plenty of options to customise your own design.
The Deira Spice Souq sells every imaginable spice with stalls overflowing with bags of frankincense, cumin, paprika, saffron, sumac and thyme as well as the fragrant oud wood, rose water and incense. The market was established in the 1830s and features restored wooden archways and wind-towers. For a much less touristy experience, head to the fish market where you'll find loads of local action.
The most populated city of the United Arab Emirates, Dubai is an impressive destination. Skyscrapers (the Burj Khalifa is the highest tower in the world at 818m), gigantic luxury shopping centers and daring urban and architectural developments characterize the town. The flourishing oil industry has seen the development of the city from a small fishing port surrounded by arid desert to one of the most prestigious locations in the world. Luxury apartments boasting the latest amenities and spectacular views of the Marina or Downtown constitute a large part of the high-end property market in the city center.
Discover why SOFITEL DUBAI THE PALM LUXURY APARTMENTS is such a superb destination for family vacations in Dubai. Adults and children alike will be thrilled by the relaxed Polynesian island theme of this luxury 5-star resort on Palm Jumeirah island.
Families can vacation in a beach-side suite or villa with Gulf views. Serviced apartments suit longer stays, with kitchens, lounges and up to 3 bedrooms. Babysitting can be arranged if you fancy a night in downtown Dubai, a monorail or taxi.Amura Kids Club guarantees hours of fun for children of all ages, keeping them happy, active and safe while you indulge in well-deserved relaxation. Two of the swimming pools are exclusively for kids, who will love the slides and waterfalls.
Seven restaurants and bars offer refined cuisine from around the world so there's something for every taste.Don't miss the popular Friday brunch at family-friendly Manava, which offers heaped buffets for breakfast, lunch and dinner throughout the week.
But some respite could come from companies in engineering and construction
Dubai: The continued softness in oil prices seems to have mired Abu Dhabi’s commercial realty market, with the number of enquiries taking a hit in the first six months of the year. And where they can, prospective tenants are making do with offices of between 200-500 square metres, according to a report by Knight Frank.
Businesses in the oil and gas sector have naturally been keeping a low profile under the circumstances, and so have entities that rely heavily on government led spending to go in for a higher profile.
But there could be some sectors which can fill this breach. In Knight Frank’s projections, there were instances of more enquiries from the engineering and construction sector. Their belief is to be there when Abu Dhabi ramps up on its infrastructure construction activity.
“The average size requirement for this sector remained steady at around 600 square metres,” the consultancy reports. “This is larger than most other sectors and is being driven by international companies’ requirements for office space. Combined, the leisure/hospitality and professional sectors accounted for 30 per cent of total demand in the first six months of this year.”
And what of the rents? “Over the next twelve months, rents are likely to see upward pressure as little prime or grade A new office supply is due to be delivered to market,” according to the consultancy. “Prime office rents edged up in Abu Dhabi in the first six months of this year to Dh1,900 per square metre.
“Meanwhile, rental values for Grade A shell-and-core office space remained steady at Dh1,400 per square metre.
“With the exception of one or two developments, there is a shortage of prime/grade A office space available which meets occupiers’ needs in Abu Dhabi.”
Capital of the United Arab Emirates, Abu Dhabi is a well-ordered, industrious city with a pretty waterside location. First inhabited by the nomadic Bani Yas tribe in 1760, the settlement remained a small fishing village until oil was discovered. The revenues transformed Abu Dhabi into the modern city of today - a bustling centre of government and business.
The Sheikh Zayed Grand Mosque is the major sightseeing attraction and wows all who visit. But the city also makes a good base for excursions to the desert landscapes of Liwa Oasis and the oasis city of Al Ain
Clad in Macedonian marble, the beautiful and absolutely mammoth Sheikh Zayed Grand Mosque is Abu Dhabi's landmark building. The mosque fuses Mameluke, Ottoman and Fatamid design elements to create a harmonious and thoroughly modern mosque that celebrates Islamic architecture. Artisans utilised glass-work, mosaic tiling and intricate carvings to spectacular effect on both the interior and exterior. It was opened in 2007 after nearly 20 years of construction.
Sheikh Zayed Grand Mosque was initiated by the late president of the United Arab Emirates (UAE), His Highness Sheikh Zayed bin Sultan Al Nahyan, who wanted to establish a structure which unites the cultural diversity of Islamic world, the historical and modern values of architecture and art His final resting place is located on the grounds beside the same mosque. The mosque was constructed from 1996 to 2007.It is the largest mosque in the United Arab Emirates. The building complex measures approximately 290 m (960 ft) by 420 m (1,380 ft), covering an area of more than 12 hectares (30 acres), exclusive of exterior landscaping and vehicle parking
As the country's grand mosque, it is the key place of worship for Friday gathering and Eid prayers. During Eid it can be visited by more than 40,000 people.
Sheikh Zayed Grand Mosque Center (SZGMC) offices are located in the east minarets. SZGMC manages the day-to-day operations, as a place of worship and Friday gathering, and also a center of learning and discovery through its educational cultural activities and visitor programs.
The library, located in the north/east minaret, serves the community with classic books and publications addressing a range of Islamic subjects: sciences, civilization, calligraphy, the arts, coins and includes some rare publications dating back more than 200 years. In reflection of the diversity of the Islamic world and the United Arab Emirates, the collection comprises material in a broad range of languages, including Arabic, English, French, Italian, Spanish, German and Korean.
Able to hold 40,000 worshippers, it is the biggest mosque in the United Arab Emirates and, like the Sheikh Zayed Mosque in Fujairah, is dedicated to the late Sheikh Zayed bin Sultan al-Nahyan. Non-Muslims are allowed into all areas of the mosque (including the vast library), and there are also guided tours available.
- A Gift from England football star
David Beckham to the parents of his pop singer wife Victoria
Beckham has given the keys to the waterfront villa on the palm-shape artificial island to his in-laws Tony and Jackie Adams, parents of ‘Posh' Spice Girls singer, Victoria.
David realised he was not going to be able to spend any time in Dubai. He's got his commitments in Los Angeles and it's a long trip, especially when he still has to spend a lot of time in London - so he discussed it with Victoria and decided that the Dubai place would be a really special present for her parents.
The house, which the Beckhams bought in 2002 for $1.6 million, has rocketed in value by ten times due to Dubai's rise as a world-class tourism destination.
We can enrich your extravagant experience of your commercial and residential Properties, Hotel and Retail buildings at Abu Dhabi with 3d Power’s fabulous 3D Views. We design realistic 3D Architectural Rendering and views. 3D Power is one of the leading 3D Architectural Animation studios providing HD quality architectural rendering services. We also provide rendering services in Ajman, Dubai, Fujairah and other parts of U.A.E.
Our 3D exterior rendering will visualize and built your project prototype on online portfolios and paper presentations even before the actual construction commences. The beauty of the projects is enhanced by precise lighting shading and texturing of building in photo-realistic soundings. This will help people of Dubai to present and close the deal better by presenting before the client a 3D view of the property they are going to buy or invest.
Famous for its very popular Bench Brunch every Friday from 10am to 3pm, The Pavilion Downtown Dubai has much more to offer the urban cosmopolitan scene. During these long hot months let The Pavilion Downtown Dubai cater to all of your needs, from its diverse and delicious menu that has multiple healthy options, to its trendy work stations and inspiring artistic environment, The Pavilion Downtown Dubai is the cities quintessential cool and creative hub.
Hydrate with The Pavilion Downtown Dubai’s assortment of freshly squeezed juices, from refreshing flavors of orange, mango and watermelon and smoothies, from flavorful berry mixtures to green, veggie delights, that are prepared daily with a wide variety of crisp and juicy fruits to quench your thirst in the heat.
Stay Healthy by choosing from any of the delicious items on the menu, made with organic ingredients and including many healthy options like the gourmet breakfast plate, open face sandwich, and sea bass fillet. The Pavilion Downtown Dubai also has food specials that change daily, like their sizzling chicken fajita sandwich or freshly grilled salmon, so you can continue to eat right and mix it up with different nutritious options. In addition to a set menu and daily specials the outlet also has a diverse buffet of tasty pastries and treats to cater to your sweet side too. 3D Power couldn't agree more.
Connect with Friends, located right on the Boulevard in the heart of Downtown Dubai the outlet is the perfect place to catch up with friends, schedule a conference call, finish that project you have been working on or organize a business meeting. The ideal work environment that it offers makes it a one stop shop, whether it be business or pleasure; with their high speed internet, creative décor, large work spaces, and eclectic book collection you will be sure to finish your work!
Stay Cool and beat the heat by escaping in to The Pavilion Downtown Dubai and enjoy the refreshing, regulated temperature while still enjoying the summer sunlight, with the wide open floor to ceiling windows that spread throughout the building and let you take in the Dubai city sights. A unique element is the entire interior wall lined with freshly cut grass and plants that pumps clean oxygen into the air.
Stay creative this summer, if you are in need of inspiration and desire a stimulating yet chill environment with a hip vibe, The PavilionDowntown Dubai serves up just the right mood. With its urban location, chic atmosphere, funky décor, and the eclectic art pieces lining the walls, The Pavilion’s unique and inviting ambience will get those creative juices flowing.
The Middle East is not the first place in the world that springs to mind when we talk about happiness. Unfortunately, our region has met with more than its fair share of upheaval and suffering. Fortunately, we now have the collective capacity to work out a solution — by consciously working together to build ‘happy cities’.
A happy city is one where the majority of residents can say that they are leading fulfilled lives. Such people, in turn, are able do things that benefit, not only themselves and their families, but also their fellowmen. Hence, developing cities with empowered individuals is the most effective means to safeguard peace and stability.
The making of a happy city is an exercise that takes time and concerted effort from multiple stakeholders — the government, the private sector and the people. To tweak an old saying — ‘a city of happiness is not built in a day’.
It takes progressive, cumulative action, as suggested by Maslow’s theory. The 20th century psychologist suggested that a person’s state of well-being advances as a series of his needs were progressively met. Popularly portrayed as a five-tiered pyramid, the theory identifies fundamental needs as being safety, love and belonging.
Only when these basic needs are met can an individual advance to the need of pursuing ‘self-esteem’, before arriving at ‘self-actualisation’ — the epitome of his life where he is able to realise his true potential.
The same argument applies to cities and their ability to generate happiness and productivity — a point well illuminated by our own history. Only when a city has developed a stable system that is able to cater well to the fundamental needs of residents, can it evolve to the phase when residents become free to self-actuate.
Ancient cities such as Byblos, Damascus, Tyre, Alexandria and Baghdad are good examples of forward-looking societies where residents enjoyed a high happiness quotient and a sustained era of peace and prosperity. Conversely, a city that remains mired in the lower strata of the pyramid is more likely to regress and breed social instability.
This logic is a driving force behind urban initiatives of several governments worldwide, who are keen to design cities that connect with the happiness of their people. Such governments have planned and executed urban programmes that serve a person’s fundamental needs and eliminate various pain points — access to education, opportunities for gainful employment, a sense of belonging within a beautiful, safe and peaceful environment, and a platform of efficient infrastructure.
As such a set-up matures, it reaches a level where it links more and more to a resident’s self-esteem and facilitates his ability to self-actualise.
Naysayers may argue that the Middle East’s challenges are far too many and deep to be overcome by modelling happy cities. But this is precisely the reason why cities in our region must strive to become pillars of safety, prosperity and enlightenment.
Rather than being a Utopian dream, a happy city represents a real ecosystem that is socially and economically viable.
The UAE Government is marching ahead with precisely that realisation. Our government has tirelessly planned and executed a host of initiatives that have created and sustained an efficient social and economic system that has not only benefited its own citizens — but also people from all corners of the globe. More pertinently, the Government of Dubai became the first in the Middle East to place ‘people’ and their ‘happiness’ at the Centre of its administrative goals. The new Dubai urbanism — if I may call it that — is best represented in Dubai World Central (a 145-square kilometre masterplanned city that is fast emerging around the Al Maktoum International Airport), which is basing itself on the happiness of its residents.
Dubai’s annual shopping festival starts with sale offering range of fashion brands at low prices
Laila Suhail takes a tour of the stalls after opening the Big Summer Sale at Dubai World Trade Centre.
Dubai: ‘The Big Summer Sale’, a new shopping initiative, helped kick-off the 18th edition of the annual Dubai Summer Surprises (DSS) shopping festival on Thursday.
Organised by Dubai Festivals and Retail Establishment (DFRE), the sale is taking place at the Dubai World Trade Centre and offers a range of fashion brands at low prices from July 23 to August 1 daily from 11am to 11pm at the Zabeel Hall two and three.
The new addition to the Dubai summer shopping season is set to become an annual event on Dubai’s retail calendar. Laila Suhail, CEO of DFRE told Gulf News that the new event aims to be a major attraction for families, tourists, and residents shopping for the holiday season and looking for unmatchable prices. “Our main focus is to support the retail sector by creating a platform where retailers from a range of brands can offer more promotions and unique discounts to customers,” she said.
Entry to the 10-day exhibition is free with every visitor being given a raffle coupon that will be entered into a daily draw, offering a prize of Dh10,000.
Laila explained the concept of DSS shopping festival was first initiated in 1998, after the success of the second edition of the Dubai Shopping Festival. While both shopping festivals were celebrated in 1998 at only 17 malls across Dubai, today they take place in over 70 malls across the emirate. “Looking at Dubai’s current infrastructure and hospitality sector, events such as DSS is a must have during the long summer season,” said Laila.
Saeed Mohammad Mesam Al Falasi, Director, Strategic Alliances Division at the DFRE explained that as Dubai’s reputation as a global hub for fashion is growing, new events are being added to its retail calendar. ”As the city with the second largest range of retail brands under one roof, this first-of-its-kind event in the region will offer people the chance to obtain incredible fashion items from clothing to accessories at amazing prices,” he said.
Al Falasi pointed out that for participating retailers, the event offers a platform for brand awareness, new product launches, product sampling, and promotions. “It also offers them the opportunity to have an end-of-season sales period before the arrival of new stock,” said Al Falasi.
The 45-day summer shopping festival (DSS) attracts an estimated four to 4.2 million people, of which 30-35 per cent are tourists. The overall money spent during the five to six week period at the festival is over Dh10 billion.
This year, the DSS, held under the slogan ’45 days of summer,’ will take place from July 23 to September 5, offering residents and visitors from around the world the opportunity to enjoy a diverse range of events.
The line-up of events includes international celebrity appearances and shows to world premieres featuring internationally renowned children’s cartoon characters.
Among the celebrities who will arrive in Dubai to celebrate DSS are Jaden and Willow Smith, Nancy Ajram and Arab teen star Hala Turk, while global entertainment concepts such as Bugs Bunny, Tweety & Sylvester, Power Rangers, Sonic the Hedgehog and Gumball will be launching their world premieres during this year’s family extravaganza.
The summer promotions will also reward shoppers with millions of dirhams worth of prizes.
10am - 7pm | Mon - Sat | IST
Office Hours : Monday to Saturday 10 am to 7 pm
This blog provides latest updates on 3d animations in dubai.